A Stockbroker Has Kept a Daily Record of the Value

question 28

Multiple Choice

A stockbroker has kept a daily record of the value of a particular stock over the years and finds that prices of the stock form a normal distribution with a mean of $8.52 with a standard deviation of $2.38. The stock price beyond which 0.05 of the distribution falls is _________.

• A) $ 4.60
• B) $12.47
• C) $ 4.57
• D) $12.44

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Definitions:

Praised

Recognition or expression of approval for someone's work or achievements.

Recognition

Acknowledgment or appreciation of an individual's achievements or contributions, often used as a motivational tool in organizational settings.

Human Need

Fundamental requirements that are considered essential for psychological and physical well-being of humans.

High Self-efficacy

The belief in one's own ability to successfully accomplish tasks and challenges.